Weiss Ratings Reiterates "Hold (C-)" Rating for Saul Centers (NYSE:BFS)

Key Points

• Weiss Ratings has reiterated a "hold (C-)" rating for Saul Centers (NYSE:BFS), indicating no strong recommendation for buying or selling the stock at this time.
• Saul Centers reported a Q2 EPS of $0.73, falling short of analyst expectations of $0.75, and achieved revenue of $69.43 million against a forecast of $71.39 million.
• The company has a market capitalization of $759.05 million and significant institutional ownership at nearly 50%, suggesting interest from larger investors.

Saul Centers (NYSE:BFS - Get Free Report)'s stock had its "hold (c-)" rating reiterated by equities researchers at Weiss Ratings in a research note issued to investors on Friday,Weiss Ratings reports.

Saul Centers Trading Up 0.2%

Shares of Saul Centers stock traded up $0.05 on Friday, hitting $31.15. 54,219 shares of the company's stock traded hands, compared to its average volume of 58,025. Saul Centers has a one year low of $29.76 and a one year high of $42.39. The company has a debt-to-equity ratio of 5.16, a current ratio of 1.28 and a quick ratio of 1.28. The company has a fifty day moving average of $32.05 and a two-hundred day moving average of $33.01. The company has a market capitalization of $759.05 million, a price-to-earnings ratio of 23.60 and a beta of 1.16.

Saul Centers (NYSE:BFS - Get Free Report) last announced its earnings results on Thursday, August 7th. The real estate investment trust reported $0.73 EPS for the quarter, missing the consensus estimate of $0.75 by ($0.02). Saul Centers had a net margin of 15.51% and a return on equity of 13.79%. The business had revenue of $69.43 million for the quarter, compared to the consensus estimate of $71.39 million. As a group, sell-side analysts expect that Saul Centers will post 3.14 earnings per share for the current year.

Institutional Trading of Saul Centers

Hedge funds and other institutional investors have recently bought and sold shares of the business. Nuveen LLC acquired a new position in shares of Saul Centers during the first quarter valued at about $2,597,000. Laurel Wealth Advisors LLC raised its stake in shares of Saul Centers by 3,314.0% in the second quarter. Laurel Wealth Advisors LLC now owns 58,038 shares of the real estate investment trust's stock worth $1,981,000 after purchasing an additional 56,338 shares during the last quarter. Universal Beteiligungs und Servicegesellschaft mbH purchased a new stake in shares of Saul Centers in the first quarter worth approximately $1,253,000. Goldman Sachs Group Inc. raised its stake in shares of Saul Centers by 36.0% in the first quarter. Goldman Sachs Group Inc. now owns 119,824 shares of the real estate investment trust's stock worth $4,322,000 after purchasing an additional 31,722 shares during the last quarter. Finally, Penserra Capital Management LLC purchased a new stake in shares of Saul Centers in the second quarter worth approximately $1,073,000. Institutional investors own 49.99% of the company's stock.

Saul Centers Company Profile

Saul Centers is a self-managed, self-administered equity REIT headquartered in Bethesda, Maryland. Saul Centers currently operates and manages a real estate portfolio comprised of 61 properties that includes (a) 57 community and neighborhood Shopping Centers and Mixed-Use properties with approximately 9.8 million square feet of leasable area and (b) four land and development properties.

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